Saving for Retirement Is as Easy as I-R-A

It’s never too early – or too late – to start saving for retirement with a tax-advantaged account from PlainsCapital Bank. Our certificate of deposit IRAs offer tax benefits and attractive rates in fixed-term, FDIC-insured accounts. And it only takes $100 to start turning your future dreams into reality.

Which IRA Is Right for You?

Traditional IRAs

Roth IRAs

Anyone with earned income and whose Modified Adjusted Gross Income is within IRS limits

Tax Advantages

Contributions may be deductible; earnings aren't taxed until withdrawn

Qualified withdrawals are tax-free after the account has been open for five tax years and the account owner is age 59 1/2 (or is disabled, dead, or withdrawing up to $10,000 for a first-time home purchase*)

Contribution Deductibility

May be tax-deductible depending on your income and whether you're covered by an employer's retirement plan

Are not tax-deductible

Contribution Maximums

Under age 50: $5,000

Age 50 or over: $6,000

Limits are for 2008 and 2009; contributions cannot exceed earned income for the year

Under age 50: $5,000

Age 50 or over: $6,000

Limits are for 2008 and 2009; contributions cannot exceed earned income for the year